Full-Service Restaurant & Bar in Prime Location MRB VA 1607
Business Description
Full-Service Restaurant & Bar – Norfolk, VA – $239,000
Fantastic opportunity to own a full-service restaurant and bar in the heart of Norfolk, Virginia. Located on a high-traffic road in a dense residential area with excellent walkability, this established restaurant delivers strong sales and offers tremendous potential for a new owner.
• Size: 5,772 sq. ft.
• Seating: 65 inside with a large bar, plus 40 seats on the outdoor patio
• Staff: 7 full-time and 18 part-time employees in place
• Sales: Averaging $1,130,566 annually
• Rent: Extremely low at just $5,440/month
• Lease: New lease to be provided to buyer
• Established: 2020
This restaurant fits most menus and concepts, whether you’re looking to continue full-service dining or bring in your own vision. The spacious interior, patio seating, and large bar make it perfect for both casual dining and nightlife.
Asking Price: $239,000
Location: Norfolk, Virginia
The current business name does not convey with the sale, ensuring a smooth transition for your concept. This is a must-see opportunity for an operator seeking a well-built, profitable location at an unbeatable rent.
Fantastic opportunity to own a full-service restaurant and bar in the heart of Norfolk, Virginia. Located on a high-traffic road in a dense residential area with excellent walkability, this established restaurant delivers strong sales and offers tremendous potential for a new owner.
• Size: 5,772 sq. ft.
• Seating: 65 inside with a large bar, plus 40 seats on the outdoor patio
• Staff: 7 full-time and 18 part-time employees in place
• Sales: Averaging $1,130,566 annually
• Rent: Extremely low at just $5,440/month
• Lease: New lease to be provided to buyer
• Established: 2020
This restaurant fits most menus and concepts, whether you’re looking to continue full-service dining or bring in your own vision. The spacious interior, patio seating, and large bar make it perfect for both casual dining and nightlife.
Asking Price: $239,000
Location: Norfolk, Virginia
The current business name does not convey with the sale, ensuring a smooth transition for your concept. This is a must-see opportunity for an operator seeking a well-built, profitable location at an unbeatable rent.
About the Business
- Years in Operation
- 5
- Number of Employees
- 25
- Facilities & Assets
- All furniture, fixtures & equipment included.
- Market Outlook / Competition
- Prime location. Absentee owned.
- Opportunities for Growth
- Great opportunity for a hands on owner operator to bring your own concept & menu to this beautifully built out restaurant & bar.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 5,772
- Rent
- $5,440.00 per month
Listing Info
- ID
- 2404752
- Listing Views
- 143
Listing ID: 2404752 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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